(Apologies for the language.)

FYI: a $24 B bailout spread across 218 M adults (2003) is about $110 per person, not including the cost of paying back interest on the change in national debt.
If someone knows the original source of this, please let me know so I can give proper credit.

U.S. Politics, Economics | 3 Comments »

Via daringfireball.net: Philip Greenspun: ‘Let G.M. Go Bankrupt’
America seems to have an irrational soft spot for its auto industry. It’s a shame that these once-great companies have fallen so far, but the simple truth is that Ford and G.M. make ugly, inefficient cars that few people want to buy.John Gruber, daringfireball.net, 8 Nov 2008

U.S. Politics, Economics | No Comments »